Home prices are poised to fall in most markets this year, but 2012 will bring a rebound. Here are the 10 cities poised to record the biggest gains.
Despite a recent spate of bad news coming out of the housing industry, home prices show signs of stabilizing.
Manhattan home prices held steady during the second quarter of 2010 but transactions were 81% higher than this time last year, according to several real estate market reports released Thursday.
Home prices rose 0.8% in April compared with March and were up 3.8% from a year ago, according to the S&P/Case-Shiller Home Price Index of 20 major housing markets. However, prices, are still off 30% from their peak.
It may not be the most widespread measure of housing prices, but if you want to follow a powerful driver, look at rents.
Home price gains of the past few months flattened out in October, according to a closely watched market report issued Tuesday.
Investors now have an easy way to bet on the direction of housing prices. Expect prices to rise? You can buy MacroShares Major Metro Housing Up. Fear they have further to fall? Go for MacroShares Major Metro Housing Down.
